World News
Wild Session Closes Bad Week on Wall StreetWall Street capped one of its worst weeks ever with a wild session today. The Dow Jones industrial average lost 128points, closing at 8,451. The blue chips had a combined eight-day... Read more »
Hasbro Toy RecallMore than 300,000 units of a popular toy have been recalled. Hasbro is recalling its "Nerf-N-Strike Recon Blasters" toy. Officials say a child's skin can get caught in the plunger... Read more »
Scam Artists May Exploit Financial CrisisThe government says scam artists are taking advantage of the current financial situation. The federal trade commission says email scams asking for personal information may increase amid... Read more »
Governent May Take Part Ownership in BanksThe Bush Administration is thinking of taking part ownership in certain u-s banks, as an option for dealing with the severe global credit crisis. This is coming from an administration... Read more »
Federal Reserve Orders Emergency Rate CutThe Federal Reserve got an early start this morning, cutting interest rates by half a point, reducing the key rate from two percent to one-point-five percent. But that wasn't enough to pull... Read more »
McCain, Obama Talk Economy in Second Presidential DebatePresidential candidates Barack Obama and John McCain squared off tonight in their second debate in Nashville, Tennessee. The big issue of course was the financial crisis facing the country... Read more »
House Passes Bailout PlanThe U.S. House of Representatives ended the week doing what it failed to do at the start of the week...passing a multi-billion dollar economic rescue package. The legislation passed by a... Read more »
Palin, Biden Spar Over the Economy in VP DebateIt was one of the most anticipated debates and tonight a strong performance by both candidates. Their style differences showed from the first question, which was on the economy. "The economic... Read more »
Booster Seat Safety ConcernsThere are new concerns about the safety of booster seats. The Insurance Institute for Highway Safety says 13 of the 41 models it tested may not keep kids safe in a crash, and could even... Read more »
Senate Passes Gov't Bailout Bill; Awaiting Congress ApprovalThe government's proposed economic bailout bill was given a second life today after the senate approved it by a wide margin. Senators seized control of the process after the U.S. House of... Read more »
Senate to Vote on Rescue Plan WednesdaySenate leaders are slated to vote Wednesday on President Bush's $700-billion Wall Street rescue plan. But they've added a tax cut proposal already rejected by the House. TheSenate version would... Read more »
Dow Jones Suffers Largest One-Day Point LossIn a stunning vote that sent shockwaves throughout stock markets around the world, the House today defeated a $700-billion emergency rescue for the nation's financial system. After the landmark... Read more »
$700Bil. Bailout Bill Fails in HouseAlmost immediately after the $700-billion financial bailout bill went down in the House 228-205...with two-thirds of Democrats and about a third of Republicans voting for it House GOP leaders, who... Read more »
Bailout Debate Continues on Capitol HillDire warnings from the two top money men in America if congress doesn't come to Wall Street’s rescue. “I believe if the credit markets are not functioning, that jobs will be lost, the unemployment... Read more »
Government Bailout Yet To Be FinalizedAfter tough negotiations on the massive $700 billion rescue plan, chairman of the House Financial Services committee Barney Frank says the administration is giving ground. Frank says it has agreed... Read more »
Stocks Make Gains, Continuing Roller Coaster WeekIt was another wild day on Wall Street as stocks gained back some of the big losses from earlier this week. The Dow Jones Industrial Average climbed 410 points, closing at 11,019. ... Read more »
Fallout from AIG Bail OutThe U.S. government has written another check to bail out Wall Street. Bear Stearns, Fannie Mae, Freddie Mac and now the insurance giant AIG that was on the verge of collapse. An 85 billion... Read more »
Government Will Take Over AIGIn a last minute move, the government announced today it will rescue insurance giant American International Group, better known as AIG. The Federal Reserve has agreed to provide $85 billion... Read more »
Stocks Plummet on News About Lehman Brothers, Merrill LynchIt's the largest bankruptcy filing in U.S. history. Lehman Brothers files for chapter eleven bankruptcy protection. The financial giant says it will slowly wind down operations... Read more »
Thousands of Texas Ignore Hurricane WarningsResidents in Texas and across the Gulf Coast are taking cover. Hurricane Ike is growing stronger and has already started to batter the shore in Galveston, Texas and other cities. ... Read more » FOX World Headlines
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